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Ripple’s XRP Treasury Adoption Tops $1 Billion Across Eight Firms
In a significant development, eight publicly traded companies have collectively earmarked nearly $1 billion to build dedicated XRP treasury programs. This unprecedented pivot towards XRP adoption marks the cryptocurrency’s shift from being viewed solely as a speculative asset to its growing role as a core treasury tool.
The eight firms, spanning technology, energy, pharmaceuticals, and consumer sectors, will acquire and deploy XRP in reserves, staking, decentralized finance (DeFi) lending, and cross-border payments. This monumental commitment underscores the cryptocurrency’s flexibility as a treasury instrument.
Notably, Trident Digital Tech Holdings is leading the charge with an intention to raise up to $500 million to seed one of the largest corporate XRP treasuries. The company plans to use the tokens as a long-term reserve, stake them for yield, and integrate Ripple’s payment rails into its platform.
Other notable participants in this initiative include VivoPower International, which allocated $100 million from a recent private funding round towards XRP; and Wellgistics Health, which secured a $50 million credit line to purchase the cryptocurrency as a liquidity buffer. The latter views blockchain payments as a means to streamline treasury operations and reduce cross-border frictions.
The inclusion of mid-tier players in this initiative signals an unprecedented level of mainstream adoption for XRP. This shift from speculative asset to core treasury tool is poised to significantly alter the landscape surrounding the cryptocurrency’s utility.
As these programs unfold, they will serve as a real-world test of XRP’s viability in corporate finance. The stakes are high, with institutional on-chain activity complementing recent product launches such as Brazil’s XRPH11 ETF and CME’s XRP futures.
Source: zycrypto.com
